Mirae Asset Global X Japan Surpasses 1 Trillion Yen in Assets Under Management

Mirae Asset Securities' Japan-listed ETF subsidiary, Global X Japan, surpassed 1 trillion yen in assets under management. Expansion of thematic and income-generating products, along with increased demand from Japanese individual investors, drove growth. As of June 30, Global X Japan's AUM reached 1.14 trillion yen ($10.9 trillion), up from 1 trillion yen crossed on May 22. Established in 2019 as Japan's first ETF specialist, the firm has focused on thematic products like AI, semiconductors, and covered calls. AUM grew 7.5 times over three years, with an annualized growth rate of 89.7%. Despite Japan's high ETF holdings by the Bank of Japan, the firm expanded its product lineup for individual and institutional investors. Japan's ETF market saw $27 billion in net inflows this year, with $15 billion flowing into Global X Japan. Kim Young-hwan, head of Mirae Asset's Global Business Division, stated, 'We will showcase differentiated products by combining local expertise with Mirae Asset's ETF capabilities.'